Warwick, R.I. – April 23, 2025 – The Rhode Island Association of Realtors released sales data today showing a drop in home sales of 4% from March 2024 to 2025. Homes under contract in March, an indication of closed sales in the following months, also decreased 3.5%.
Could you be unknowingly helping a real estate scammer? According to the FBI, 224 crime victims of real estate scams and fraud in Rhode Island lost a combined $4.85 million from 2019 – 2023. The FBI believes that there could be higher unreported losses.
The Rhode Island Association of REALTORS® has approved the following two forms, which are now available from the forms vendors:
NEW ▪Release of Residential Lease – Use this new form to resolve financial and other logistics when a landlord and tenant agree to terminate a lease early.
▪Additional Parties Addendum - Use this form when you need more space to include extra signatures on a contract, addendum, or disclosure. It now includes signatures for landlords and tenants.